Neutral
Oil prices decline as U.S. and Iran pause military actions in the Persian Gulf.
In the past 24 hours, oil prices have retreated following a two-day pause in military tensions between the United States and Iran in the Persian Gulf. Brent crude oil for September delivery dropped 4.9% to $92.02, adding to a 3.9% decline on Friday. U.S. benchmark oil for September also fell 5.6% to $84.34, reflecting continued volatility and uncertainty in the oil market.
Key points
- Oil prices decline as U.S. and Iran pause military actions in the Persian Gulf.
- U.S. gasoline prices rise to $4.11 per gallon amid global oil price fluctuations.
- TotalEnergies reports $11.2 billion profit in first half of 2026 amid Middle East tensions.
Sources
- Oil prices ease after US and Iran pause their attacksAssociated Press · July 26, 2026
- Gas, groceries and back-to-school items are where shoppers might see higher oil prices surfaceAssociated Press · July 23, 2026
- TotalEnergies nets $11.2 billion profit in six months amid Middle East warLe Monde · July 23, 2026
AI-generated from public news sources. Not financial advice.
